What is Commercial Crime Insurance?
Commercial Crime Insurance is insurance coverage specifically designed to protect businesses from
financial loss related to a number of criminal exposures. Businesses face potential from many sources
including Employee Dishonesty, Forgery, Theft of Money and Securities, Computer Fraud, and Funds
Transfer Fraud just to name a few. Often, businesses don’t find out about these type of losses until a
significant amount of money has been loss. For example, it’s not uncommon for a business to have small
amounts of money stolen for months or years.
Why is Commercial Crime Insurance Important?
There are four significant reasons why this coverage is important.
- First, even with the best controls in place, businesses can experience loss. For example, we are
used to hearing from our clients that every employee is trustworthy and yet, often, employees
who have been trusted for years still rob their employers. - Second, the coverage provided by a Commercial Crime Insurance policy typically can’t be
purchased or included in any other coverage form. - Third, especially as it relates to computer fraud and funds transfer fraud, criminals are getting
much better at stealing from businesses. There has been a dramatic increase over the last
several years in losses related to these two areas alone. - Finally, coverage is typically readily available to be purchased and the premiums for a base layer
of coverage are affordable.
- First, even with the best controls in place, businesses can experience loss. For example, we are
Here are some common Coverage Highlights:
- Employee Theft – Theft of any of your property by your employees. This includes both money
and equipment. - Forgery – Losses resulting from forgery or alteration of your checks, drafts, promissory notes, or
similar financial instruments drawn on your bank account. - Money & Securities – Theft, disappearance, or destruction of your money and securities.
Coverage is available for money away from your premises and inside your premises. - Computer Fraud – Loss of money, securities and other property resulting directly from the use
of a computer to fraudulently cause a transfer of that property from inside your premises or a
banking premises to a person or place outside those premises. - Funds Transfer Fraud – Loss resulting directly from a fraudulent instruction directing a financial
institution to transfer, pay, or deliver funds from your transfer account.
- Employee Theft – Theft of any of your property by your employees. This includes both money
How Our Team Can Help:
Our experienced team of insurance professionals is here to guide you in determining your needs and finding the appropriate solution. We do this in several ways:
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
closely with you to customize an insurance plan that meets your specific needs and budget. - Risk Assessment: We will conduct a thorough risk assessment of your operations or ownership
interests to identify potential hazards and recommend appropriate coverage options. - Claims Assistance: In the event of a claim, our dedicated claims specialists will assist you
throughout the claims process, ensuring a smooth and hassle-free experience. - Expert Advice: With our in-depth knowledge of the insurance market, we can provide expert
advice and guidance to help you make informed decisions about your insurance coverage.
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
Get Started Today!
Protect your investment and minimize financial risks with Commercial Crime Insurance. Contact our
team today to learn more about our insurance solutions and how we can help safeguard your ownership
or business interests.